RENEWABLE TECH ENERGY
Imagine the world population of 7.9 billion persons suffering from one form of carbon emission or the other. Like in Nigeria my country, we have a current population of 214, 979, 340 persons inhaling carbon either from generator plant, cooking stove/gas, fire wood and other form of combustion that emits carbon.
Going by the densely populated Lagos state demography, , approximately 17.5 million persons suffer from carbon emission, particularly in times as this when the ozone layer has been depleted by accumulated gases, which in return has made the environment very hot due to the radiation of the sun
Renewable Tech energy helps protect the ozone layer, as well as human lives through the supply of energy that does not emit any form of carbon, considering the excess of carbon that now serve as major challenge.
Just as the name implies, Renewable Tech Energy, it is a tech solution that is renewed or charged by basically two components
1) Radiation from the sun
2) Electricity.
The fact that it is a renewable tech solution makes it cost effective.
This Tech solution can be connected to any source to supply energy
Our Renewable Tech Energy has been designed to serve billions of persons in industries, communities and low income house holds.
The Tech solution will serve low income earners within our immediate environment and the world at large.
The fact that they are low income earners make them undeserved, and we have designed this tech solutions not only to serve big organisation and the rich, but to serve mostly low income earners in the society
"We sit where they sit" we feel what they feel and we are rightly positioned and know how to communicate effectively with the low income earners considering our relationship with them
Ogba- Ifako Ijaiye Local Government Development council has a good number of low income earners house holds, of which this is where our office is situated, of course we would have moved our office location to a more expensive environment, but we deliberately choose to remain here considering the fact that our solutions focus more on low income house holds and this has made community engaement and implementation more easier
- Rapidly decarbonize heating and cooking systems in existing homes while improving efficiency.
- Pilot
We lack funds to expand our solution, so it can serve more low income earners
We would need technical support in our scaling up
We support in branding and marketing to help break market barriars
- Public Relations (e.g. branding/marketing strategy, social and global media)
the Renewable tech energy is significantly most suitable approach to the problem because:
1) Renewable tech energy does not emit any form of carbon. The fact that the renewable tech energy does not emit any form of Carbon makes it safe and most suitable.
2) It is highly affordable because it has been designed to suit low income earners and small holders; house holds who are often considered to be undeserved in our society
3) it can be easily be maintained,little or no additional cost is needed to service its supply of energy as it can be recharged through its contact with electricity or, sunlight
MY IMPACT GOALS FOR NEXT YEAR AND THE NEXT FIVE YEARS INCLUDES
•To promote economic sustainability through the provision of more renewable tech energy at most affordable price. This can be achieved by increasing our workforce in production and publicity
•To make Renewable tech energy an household name for every low income earners and small holders house holds. This can be achieved through grants and subsidy support, as we intend sourcing for such so as to be able to reach to all under deserved within our immediate community
•To have established world standard incubation renewable tech energy hub for up coming researchers before the end of 2027 . This can be achieved through partnership
1) NO POVERTY- The number of poor homes and individual using our renewable tech energy is a sure indicator that our project is making impact progress, should the number increase
2) The number of small scale food processors that use our solution because it promotes safe foods is also an indicator of our progress
3) GENDER INEQUALITY- The number of females interested in consistent use of our renewable tech energy is also a measurable indicator of our progress
4) The number of households using our solution, just because it promotes clean and sustainable energy is another good indicator of our progress
5) The number of applicants interested in gaining knowledge during our training programs is another sure indicator
W strongly believe our Renewable tech energy will give solution to the problem, because the Renewable tech energy was invented in the bid of searching for source of energy without any form of carbon contamination .
Prior the invention of the Renewable tech energy, we were found of having carbon related contamination on our processed foods, as a result we were looking for other alternative which brought about its invention. Since we started using the Renewable Tech Energy our processed foods no more have any form of contamination
We leverage on electrical and or natural technologies to achieve our goals on the renewable tech energy
- A new application of an existing technology
- Manufacturing Technology
- 1. No Poverty
- 2. Zero Hunger
- 5. Gender Equality
- 7. Affordable and Clean Energy
- Nigeria
- Benin
- For-profit, including B-Corp or similar models
our approach to incorporating diversity, equity, and inclucivity into our work, is the fact that our strategy is to use Consumer problems such as low income, unemployment and food insecurity, as key opportunities to increase our product impact and growth at large, though lack of funds seems to be the major constraints, because should there be enough funds, unskilled laborers would have to be trained to become skilled experts under our training program.
•We intend exploiting the opportunities and overcoming the constraints through our publicity and advertising strategies on social media platforms, electronic and print medias, bill boards, fliers and other marketing platforms; with the aim of using our renewable tech energy to make more impact
Our business is focused mainly on the social business model because we believe customers’ satisfaction result mostly in profit hence we engage in continuous product development for customer’s satisfaction
Our key customers and beneficiaries are mainly low income ranees and small holder house holds with low or average income
We provide them the renewable tech energy as a tech solution to high carbon emission
These products are provided directly to the under deserved groups so as avoid the middle man from making excess profit from the product thereby making it highly unaffordable for them
They want or need the product because the renewable tech energy is highly affordable, consumer's pocket friendly, can be easily maintained and easy to use
- Individual consumers or stakeholders (B2C)
Our plan for becoming financially sustainable is to use
Market intermediary services to clients to help them access markets.Supply cooperatives like fair trade, agriculture, and handicraft organization, Employment employment opportunity and job training to clients and then sells its products or services on the open market
We also focus on.Low-income client by providing access to those who couldn’t otherwise afford it. through grant and subsidy support from other partners
Our plan to achieve financial sustainability has been successful considering that fact that we have been able to build up our income despite the adverse effect of covid 19 looking at our previous years income statement
ITEMS
YEAR 2021
YEAR 2020
Revenue
15, 600, 000
4,200,000
Cost of Sales
12, 520, 000
(2, 138, 000)
Gross Profit
3,080,000
2,062,000
Other Income
-
-
Administrative Expenses
(2,160,000)
(2,020,000)
Selling & Distribution Expenses
( (- )
( (- )
Operating Profit
920,000
42,000
Finance Cost
(50,000)
(20,800)
Profit before Taxation
NIL
Nil
Profit/ (loss) for the Year
870,000
21,200
Other Comprehensive Income
Revaluation of P.P.E
-
-
Total Other Comprehensive Income
-
=
Total Comprehensive income
870,000
21,200
